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The availability of adequate transport infrastructure is expected to have a favorable impact on promoting the economic development of countries due to the development of economic zones and industrial parks, innovation centers, logistics parks, bonded warehouses, and cold chain logistics facilities. Moreover, investments in industrialization tend to move into locations with adequate transport infrastructure. Development of industrial cities and
special economic zones along the Silk Road is expected to boost the demand for specialized logistics services such as cold chain logistics, built-to-suit warehouses, and on-demand transportation services.
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“My whole impetus in running for Congress in the first place was to get rid of foreign aid. It was my thing,” said Yoho, chairman of the House Foreign Affairs Subcommittee on Asia and the Pacific. “But if we can reformulate and modernize it, yeah, I have no problem with that. There are people who want to do this for humanitarian aid, fine. There are people like me who want to do this for national security, like me, fine.”
The debt debate is flawed – not least for underestimating Western contributions to African debt. Nevertheless, it is revealing. In particular, the debate reflects an anxiety that has haunted relations between China and the continent since the beginning of this century: the massive power gap between China and individual African countries.
The constant rhetoric of win-win cooperation between China and Africa has never adequately answered the simple structural question at the heart of the relationship. That is: how is an economy the size of Benin’s or Togo’s, for example, supposed to meaningfully engage with the Chinese behemoth? It’s a bit like trying to speed up your bicycle by grabbing on to a passing jumbo jet. It can take you to the next level, or it can simply rip off your arms.
Responding to concerns, Adviser on Strategic Partnerships to the Chairperson of the African Union Commission, Dr. Nadine Elhakim said China has brought a lot to the African continent than any other partners.
She said China took the risk of long-term investment in Africa when other partners thought doing so was risky.
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But does this model apply in the digital realm? We're already seeing a shift in the idea of physical ownership when it comes to consuming media: Owning music -- CD or vinyl -- is much less common these days, and instead, many people opt to pay for access to a streaming library. What is the purpose of amassing a physical collection when digital access becomes an on/off switch?
The problem with this is that binary all-or-nothing digital rights eliminate the idea of rarity, and that kills a lot of the fun in collecting. However, the blockchain can be used to bring the best of both worlds together: the anywhere/anytime device-based access to digital assets and the rare distribution found in physical collecting.
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“People realise that using BIM, using these tools, is involving the entire value chain. If you are not doing that, you are not benefiting 100% from what you can gain from the new technology.
“So we are depending on SMEs (small and medium-sized enterprises), we are depending on the suppliers – so everybody is dependent on each other to take full advantage of the new technology.”
Tonning said that in his experience, the industry needed SMEs.
“We are always depending on SMEs, and we are involving them – and they are rather quick in absorbing and using the new technology. Sometimes you think that the smaller companies are less developed – they more or less have the same skills.”
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